Long-Term Structural Observation
Bitcoin remains within a recovery structure despite a notable decline from the major resistance zone.
The chart continues to suggest that the most important structural event of the current cycle remains the 2022 base formation. Since that base was established, Bitcoin advanced into the 110,000–130,000 resistance zone before encountering increased supply and participation deterioration.
The recent weakness should currently be viewed as a rotational phase within a recovery structure rather than evidence of complete structural failure.










